JPMorgan Chase & Co. Sells 4,899 Shares of Sterling Infrastructure, Inc. $STRL

JPMorgan Chase & Co. trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 117,724 shares of the construction company’s stock after selling 4,899 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sterling Infrastructure were worth $39,988,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Sterling Infrastructure by 62.0% during the second quarter. State Street Corp now owns 1,131,751 shares of the construction company’s stock worth $261,129,000 after purchasing an additional 433,311 shares in the last quarter. Invesco Ltd. raised its position in Sterling Infrastructure by 29.8% in the 3rd quarter. Invesco Ltd. now owns 955,387 shares of the construction company’s stock worth $324,526,000 after purchasing an additional 219,477 shares during the last quarter. American Century Companies Inc. lifted its holdings in Sterling Infrastructure by 84.6% during the 3rd quarter. American Century Companies Inc. now owns 654,096 shares of the construction company’s stock worth $222,184,000 after buying an additional 299,724 shares in the last quarter. First Trust Advisors LP boosted its position in Sterling Infrastructure by 83.5% in the 3rd quarter. First Trust Advisors LP now owns 606,236 shares of the construction company’s stock valued at $205,926,000 after buying an additional 275,830 shares during the last quarter. Finally, UBS Group AG raised its position in shares of Sterling Infrastructure by 45.4% during the third quarter. UBS Group AG now owns 483,864 shares of the construction company’s stock worth $164,359,000 after acquiring an additional 151,146 shares during the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Dwayne Andree Wilson sold 2,860 shares of the stock in a transaction on Friday, January 16th. The shares were sold at an average price of $350.00, for a total transaction of $1,001,000.00. Following the completion of the sale, the director owned 14,749 shares of the company’s stock, valued at $5,162,150. This represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $410.00, for a total transaction of $820,000.00. Following the sale, the director owned 11,498 shares in the company, valued at approximately $4,714,180. The trade was a 14.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,860 shares of company stock worth $2,611,000. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

STRL has been the topic of several recent research reports. DA Davidson raised their price target on Sterling Infrastructure from $460.00 to $500.00 and gave the company a “buy” rating in a report on Friday, February 27th. Cantor Fitzgerald raised their target price on shares of Sterling Infrastructure from $413.00 to $482.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Zacks Research raised shares of Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $486.00 price objective on shares of Sterling Infrastructure and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $489.33.

Sterling Infrastructure Stock Down 7.0%

NASDAQ:STRL opened at $401.61 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $477.03. The stock has a 50-day moving average price of $396.30 and a two-hundred day moving average price of $357.88. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 42.86, a PEG ratio of 2.09 and a beta of 1.48. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings results on Wednesday, February 25th. The construction company reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.63 by $0.45. Sterling Infrastructure had a return on equity of 32.82% and a net margin of 11.65%.The company had revenue of $755.61 million for the quarter, compared to analyst estimates of $639.41 million. Sterling Infrastructure has set its FY 2026 guidance at 13.450-14.050 EPS. As a group, equities analysts expect that Sterling Infrastructure, Inc. will post 5.98 earnings per share for the current year.

About Sterling Infrastructure

Sterling Infrastructure, Inc (NASDAQ: STRL) is a diversified manufacturer and distributor of essential infrastructure products serving municipal, utility and industrial customers across North America. Through its network of wholly owned subsidiaries, the company designs, engineers and produces a wide range of cast and fabricated solutions tailored to the needs of the waterworks, natural gas, telecommunications, electric, traffic safety and parks & recreation markets.

The company’s product portfolio encompasses ductile iron and composite fittings, valve boxes, manhole frames and covers, water and gas meter sets, street light poles and mounting accessories, traffic sign posts with breakaway systems, bollards and related system components.